News

Daewoo Shipbuilding & Marine Engineering said on Thursday that it had won an order of about $500 million to build two ships for a joint venture of Brazil’s Odebrecht and France’s Technip.

Hornbeck Offshore Services, Inc. announced today the execution of definitive contracts for the construction of sixteen high-specification offshore supply vessels

Germany's decision to shutdown its nuclear power plants will drive European demand for liquefied natural gas (LNG)

The board of directors of The World Bank and the International Finance Corporation (IFC) have approved an $86m loan and $82m partial risk guarantee to support the Kribi gas power project in Cameroon.

Dominion Virginia Power has restarted operations of its 1,800MW North Anna Power Station in the US state of Virginia, after securing permission from the US Nuclear Regulatory Commission.

The African Development Bank (AfDB) Group has approved a $71.1m loan to finance the Lom-Pangar Hydroelectric project in Cameroon.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN SHIP BREAKING YARDS

Reef Subsea AS announced that they have signed two five-year charter agreements for two newly-built dynamically positioned subsea construction vessels

Maersk Drilling announced that it​ has signed a drilling contract with Lundin Norway AS for the Maersk Guardian jack-up rig for exploration in the Norwegian sector of the North Sea.

ABS President and Chief Executive Officer Christopher J. Wiernicki has warned that a move into ship design by some class societies creates a fundamental conflict of interest with their role as independent providers of safety approval and certification.

Maersk Drilling​ has signed a contract with Lundin Norway AS for an ultra harsh environment jack-up rig to carry out subsea field development of the Brynhild Field in Norway.

Cochin Shipyard Limited​ delivered a 120T Bollard pull Anchor Handling Tug Supply Vessel (AHTS), “SCI Pawan”, bearing the Hull No. BY-77, to M/s. Shipping Corporation of India​, Mumbai (SCI).

Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured two contracts from Indonesian customers worth a total of about S$47 million.

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today that the LR1 Product Tanker

In the past months Saltwater Engineering designed and engineered two new generation chase vessels for Rederij Groen.

The European Bank for Reconstruction and Development will provide a €65m loan for the construction of the Boskov Most hydro power plant in Macedonia.

The 250MW California Valley Solar Ranch (CVSR) project in the US is expected to begin partial operations in 2012.

Thailand-based Electricity Generating Public Company (EGCO) has submitted a bid to acquire a stake in GS Power as part of its expansion programme.

US-based clean-tech company POWERleap has developed a smart-floor technology in collaboration with the University of Bolton.

NewLead Holdings Ltd., an international shipping company owning and operating tankers and dry bulk vessels, announced that on November 10, 2011, the